Posted on 10/17/2024 7:03:22 PM PDT by davikkm
In keeping with the analysis I did in recent Deeper Dives about how all the good news in economics these days appears to be adjusted into place, we have another clear example today that I'll share with all.
The mainstream media is crooning over the strong economy as usual, praise they are prone to make now that we re less than a month from the election. So, let’s start with what Bloomberg had to say:
US Retail Sales Showcase Resilience of Economy’s Growth Engine
A splendid title with very shiny words like “showcase” alongside another endless reminder that the economy is “resilient” with all the strength of a “growth engine.” You don’t get much more glowing than that. As we read the article, we learn that retail sales “strengthened” by more than expected. They beat economists rosiest expectations.
But did they?
Did they strengthen at all?
According to Bloomberg, via Yahoo!, retails sales demonstrated how the resilient consumer is continuing to power the economy ahead. Well, that, or they demonstrated how economic adjusters are continuing to power the limp Biden economy ahead because it turns out that 100% of the retail sales boost came from the adjustments. 100%! Actually, more than that!
(Excerpt) Read more at citizenwatchreport.com ...
Smoke and mirrors.
All of my hobbies have doubled in cost over the past few years so this makes sense.
Halloween candy sales are down this year. Consumers say they will spend less on holiday gifts this year.
Thus: Retail Bad News Adjusted into Great News Just in Time for the Election
Prog reporting is like Chinese food, it's great as well until 2 or 3 weeks later.
Then... not so much.
.
It's a coincidence I'm sure, that the price of a gallon of gas has
dropped a full dollar.
Just before the election, scratching head.
All our other purchases were either food, medical, energy or bought used.
There is no extra money.
None. Zip and Zilch.
Most of the other families I know with kiddos are in the same boat. We just don't have it to spend.
May be the first time these people include firearms and bulk ammunition sales in their metrics of retail sales.
You are correct Detective.
Prices dropping 2 weeks before the election is too little too late. Most people have already made-up their mind. Hopefully the majority will be voting Trump.
Gasoline and diesel prices have dropped the past few months due to reduction of US refined fuels exports, indicating drop in demand overseas related to poor economy of Europe and Asia.
See: eia.gov.
The weaponized federal kakistocracy is now spinning lying propaganda in attempt to cover the disaster the Traitorjoe/Commie-La administration has caused. (They’ll just revised it later like they’ve already done with employment and economic reports earlier this year.)
But the DeepStaters are sweating as they lie because when President Trump gets back in office, there’ll be an accounting, and it won’t be pleasant for them.
I trust nothing the current administration has propagandized.
Their numbers for exports of refined fuels give lots of explanations for US retail pricing of fuels when exports are measured in millions of barrels per day (MBD).
One in their history shows when diesel prices exceeded gasoline in the 1980’s when the msn reported it was due to excessive US demand, in reality was increase of diesel exports significant enough to be reported as there was more value in exporting diesel to decrease the available supply in the US thus driving prices up in the US.
Refined fuels will be sold where there is greater demand.
I paid twice as much today for groceries for an upcoming potluck - just for a batch of Chili Verde Chili - vs. 3 years ago.
DOUBLE. Freakin 60 bucks (makes 10 qts) and that didn’t include sour cream or rice.
Yup. The Russkies sure have been busy (election interference).
/s
RE: Just before the election, scratching head.
The people are doing more consumer spending now. Gas is down. Unemployment and employment are both great.
Inflation is history.
The stock market makes new records each week.
Terrorists who are in the US after coming across the border have not made a 9/11 size incident.
Jack Smith is about to slander Trump with court documents tomorrow.
And in other news I am depressed over all this.
My predictions for all of these came true just before the election. (Data will be adjusted downwards next month.)
This is BAD.
I thought it was largely the increased costs of the mandate to get more Sulfur out of Diesel.
I loved those days of Diesel costing less per gallon.
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